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Personal Financial Literacy Review Flashcards | StudBud

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Personal Financial Literacy Review

10 terms·StudBud Administration·148 plays

A #math #Quiz to review #financialliteracy #TEK #4.10 for the #4thgrade #STAAR.

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Questions 10

Answers

1
How do you calculate profit?
The amount you earn - the amount you save
The amount of money you save - the amount you borrow
The amount of money you sell something for - your expenses
The amount of money you sell something for + your expenses
2
Which is a fixed expense?
D rent
C electric bill
B gas bill
A lunches
3
Which is NOT the purpose of a financial institution?
B lending money
A keeping money safe
D buying gas for your car
C borrowing money
4
What is true about saving money in a bank savings account?
B You may end up with more money than you deposited.
C You can never get your money out again.
D You have to pay the bank to keep your money there.
A You may lose money.
5
What are fixed expenses?
Expenses you have that stay the same
The amount of money you earn
Expenses you have that change each month
The amount of money you make after all expenses are paid
6
Which is a variable expense?
B the house payment
D the cost of food
C the car payment
A the club membership
7
Which is a fixed expense?
C the cost of advertising
D rent for her shop
A the cost of the beads
B the cost of the string
8
Which of the following is a variable expense?
D loan repayment
A rent
C car payment
B gas bill
9
What are variable expenses?
The amount of money you spend in total
Expenses you have that change each month
Expenses you have that stay the same
The amount of money you make after paying all expenses
10
What are variable expenses?
Expenses you have that change each month
Expenses you have that stay the same
The amount of money you spend in total
The amount of money you make after paying all expenses